Sino-US Trade Talks Reach Key Consensus, Substantive Progress Made

BlockBeats News, May 12: The China-US high-level economic and trade talks took place in Geneva, Switzerland, from May 10 to 11. Chinese co-lead of the economic and trade talks and Vice Premier of the State Council, He Lifeng, stated during a press conference held by the Chinese delegation on the evening of the 11th that the high-level China-US economic and trade talks were candid, in-depth, and constructive, reaching important consensus and making substantive progress. Both sides agreed to establish a China-US economic and trade consultation mechanism. China and the US will promptly finalize the relevant details and issue a joint statement on the talks on May 12.

He Lifeng said that in the current situation, this meeting has received high attention from the international community. Through the joint efforts of China and the US, the talks were fruitful, taking an important step towards resolving differences through dialogue and consultation on an equal footing, laying the foundation and creating conditions for further bridging differences and deepening cooperation. He Lifeng stated that the China-US economic and trade relationship is not only significant for both countries but also has an important impact on global economic stability and development.

China is willing to work with the US to actively implement the important consensus of the January 17 phone call between the two heads of state, adopt a pragmatic attitude to problem-solving, engage in candid dialogue, conduct equal negotiations, manage differences, tap the potential for cooperation, expand the cooperation agenda, enlarge the cooperation cake, and promote new developments in China-US economic and trade relations, injecting more certainty and stability into the world economy. (Xinhua News Agency)